Asia Pacific
-
The People’s Bank of China (PBoC) and the China Banking and Insurance Regulatory Commission (CBIRC) have taken control of Baoshang Bank, a mid-sized regional bank, the PBoC said last Friday evening. The takeover will last a year. -
The second Mongolian issuer in as many weeks was forced to postpone a dollar deal last Thursday. But the failed trades are not indicative of the greater market in Mongolia, as three of the country’s dollar bonds were among the top performers in high yield last week.
-
Online education platform GSX Techedu has launched the deal roadshow for its New York Stock Exchange IPO, in which it is targeting proceeds of up to $227.7m.
-
Chinese financial services provider Haitong UniTrust has completed its bookbuild for an offering on the Hong Kong Stock Exchange.
-
In this round up, the China Securities and Regulatory Commission (CSRC) gave permission for eastbound Sino-Japan ETFs, Shanghai Stock Exchange (SSE) set up a scheme for investors to trade defaulted or high risk bonds, and the head of the Chinese banking regulator warned traders of ‘huge losses’ if they shorted the renminbi.
-
BOC Aviation, the aircraft leasing group owned by Bank of China, is returning to the offshore loan market, seven months after it sealed a smaller transaction.
-
India’s Mahindra & Mahindra Financial Services has launched its first offshore loan through three banks.
-
Reliance Capital is eyeing at least Rp7bn ($100m) from a sell-down of a chunk of Reliance Nippon Life Asset Management stock.
-
Tata Motors Finance, a subsidiary of India’s Tata Motors, is tapping the offshore market for the first time as it looks to close on a $60m facility.
-
Huarong Asset Management Co hired 30 banks to lead its triple tranche transaction on Thursday, relying on some orders from the leads to secure $1.9bn.
-
In this round up, the US government is considering blacklisting five other telecom companies, the People’s Bank of China (PBoC) intervened three times in the renminbi FX market and two of the four mega banks are ready to launch their own wealth management subsidiaries
-
China's Frontage Holding Corp has raised HK$1.6bn ($204.6m) with an IPO on the Hong Kong Stock Exchange, after pricing the deal at the top of its guidance range.
